Report Update May 1, 2025

Ghana - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Crude Maize Oil Market 2025

Crude Maize Oil Market Size in Ghana

In 2022, the Ghanian crude maize oil market decreased by -47.1% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, recorded significant growth. Over the period under review, the market attained the maximum level at $X in 2021, and then fell sharply in the following year.

Crude Maize Oil Production in Ghana

In value terms, crude maize oil production totaled $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.5% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 42% against the previous year. Crude maize oil production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crude Maize Oil Exports

Exports from Ghana

After two years of decline, shipments abroad of crude maize (corn) oil decreased by 0% to X kg in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 220% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude maize oil exports totaled $X in 2022. Over the period under review, exports enjoyed a modest increase. The most prominent rate of growth was recorded in 2013 when exports increased by 344% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X kg) was the main destination for crude maize oil exports from Ghana, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at +172.3%.

From 2012 to 2022, the average annual growth rate of value to Denmark stood at +176.0%.

Export Prices by Country

In 2022, the average crude maize oil export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price saw strong growth. The growth pace was the most rapid in 2013 an increase of 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Denmark.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +38.8% per year.

Crude Maize Oil Imports

Imports into Ghana

After three years of growth, purchases abroad of crude maize (corn) oil decreased by -48.1% to X tons in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 3,720% against the previous year. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, crude maize oil imports reduced markedly to $X in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 3,400%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, Brazil (X tons) was the main crude maize oil supplier to Ghana, accounting for a 99% share of total imports. It was followed by the United States (X kg), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of crude maize (corn) oil to Ghana, comprising 99% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil was relatively modest.

Import Prices by Country

In 2022, the average crude maize oil import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 73% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-6.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude maize (corn) oil in the world?

The country with the largest volume of crude maize oil consumption was the United States, accounting for 47% of total volume. Moreover, crude maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. Brazil ranked third in terms of total consumption with a 3.2% share.

What are the largest producers of crude maize (corn) oil in the world?

The country with the largest volume of crude maize oil production was the United States, comprising approx. 50% of total volume. Moreover, crude maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of crude maize (corn) oil to Ghana?

In value terms, the United States constituted the largest supplier of crude maize oil to Ghana, comprising 97% of total imports. The second position in the ranking was occupied by the UK $24), with a 1.5% share of total imports.

What are the leading importers of crude maize (corn) oil from Ghana?

In value terms, the largest markets for crude maize oil exported from Ghana were Canada $200) and Australia $143).

What is the average export price for crude maize (corn) oil in Ghana?

In 2019, the average crude maize oil export price amounted to $756 per ton, which is down by -44.9% against the previous year.

What is the average import price for crude maize (corn) oil in Ghana?

The average crude maize oil import price stood at $1,451 per ton in 2021, falling by -5.3% against the previous year.

This report provides an in-depth analysis of the crude maize oil market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 60 - Oil of Maize

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024